CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 05/03/2025

Fundamental analysis

05 March, 2025

During European trading, the British Pound increased against the US Dollar, trading above 1.2800 levels.

The GBP/USD currency climbed up in the European trading session, as the dollar weakened following fears of a future US growth outlook. In the UK, S&P Global Services PMI for February was released with data lower than expected (51.1 expected vs 51.0 realised). In the US, ADP Nonfarm Employment Change for February (144,000 exp), S&P Global Services PMI for February (49.7 exp) and ISM Non-Manufacturing PMI for February data (53.0 exp) will be posted at 13:15 GMT and 15:00 GMT respectively.

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/03/2025

Support & Resistance Level Explanation
Resistance 2 1.2900 Daily R2
Resistance 1 1.2869 Daily R1
Support 1 1.2789 Daily S1
Support 2 1.2758 Daily S2

GBPUSD Indicator Table - 05/03/2025

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Sell

GBPUSD Indicator / Period Table - 05/03/2025

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy SellSell
RSI (14) Buy BuyNeutral
SMA 20 Buy BuyBuy

GBPUSD 05/03/2025 - Reference Price : 1.2826

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Pound - US Dollar Chart
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